sTRIVE final.pdf

Also the policy makers do not bother about
this industry much because of their low
political gains here. They keep on giving
their limited available funds in the form of
subsidies that could fetch them a super-hero
image in the minds of common people
which would increase their chances of
coming to power again. So it is quite
expected that they won’t give much
attention for this area which contributes to
substantial 25% of the nation’s GDP growth.
Now I make you understand fully the overall
image of this industry in India. It is in a very
dark and gloomy state because of many
external issues and yet no one to go to; if
this continues, very soon, all domestic
manufacturing firms will shut down their
units and only the foreign products will be
available in the market which would further
complicate our problems.
Being a consultant, I am suggesting you to
not dare think again of setting up a
manufacturing unit here. Now I feel satisfied
that I made all your paid money worth .You
too agree with this, but still, you want to
bring your business here after sometime and
hence you shoot your last question to me, by
asking when all these problems will get
perished. And my straight answer to you is
considering the current political and
economic scenarios, it is not that easy to
solve all the problems in a flash. But at the
same time, the possibility can’t be
discounted completely. The government and
the oppositions should co-operate with each
other and help in paving way for the set of
policies that could uplift the sector from the
ORS current dismal state. Hopefully it
happens soon.
Reference
[1]. Article on ‘Policy – Induce
Manufactures’ in the editorial column of
The Economic Times dated 5 th Sep,
2012
QUICK FACT
Manufacturing accounts for less than 16% of the GDP in India. On a comparative scale (in
other emerging countries), the corresponding share of manufacturing sector in the GDP of
Thailand, China and Malaysia are 40%, 34% and 28% respectively.
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NOVEMBER 2012